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Square Cardholders Can Now Pay Any Vendor Regardless of Card Acceptance
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PYMNTS.com
Businesses can now use their Square Credit Card to pay vendors that don’t accept cards, as well as those that do, Square said in a Tuesday (Aug. 11) press release.
This enhanced Bill Pay feature lets sellers pay rent, insurance, marketing expenses and other vendor expenses, regardless of whether the vendors accept cards.
Square also announced Tuesday that the refreshed Square Credit Card now offers unlimited 3% cash back on Square Bill Pay transactions and 1.5% cash back on all other purchases.
In June, Square Financial Services launched a deposit tier that pays a higher APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account.
In May, Square and Homegrown announced that they partnered on a pilot program designed to offer expansion capital through flexible financing for Square sellers that have two or more locations and are ready to open another one.